PowerShares FTSE RAFI Emerging Markets Portfolio (PXH)

Investment Objective

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the FTSE RAFI Developed ex U.S. Mid Small 1500 Index.
The fund will invest at least 90% of its total assets in securities of small and medium capitalization companies that are classified as "developed" within the country classification definition of FTSE International Limited ("FTSE" or the "Index Provider"), excluding the United States, and that comprise the underlying index, as well as American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that are based on the securities in the underlying index.